Friday, July 18, 2008
Trading Update
Sopheon plc, the international provider of software and services that improve the financial return from innovation and product development investments, is pleased to announce the following trading update.
During the first half of 2008 we added 17 new licensee customers and 7 license extension orders from existing customers, in addition to a number of consultancy and services contracts.
On Wednesday 25 June we announced we had achieved the milestone of 150 licensees and had revenue visibility for 2008 in excess of £6 million. Since that announcement, we have closed an additional 4 new customers as well as a very substantial extension order, which was closed in July. With this additional business, visibility for 2008 now stands at almost £7.3 million compared with £4.9 million at this time last year. Our sales pipeline for the remainder of 2008 remains very active and any new business from the pipeline that we succeed in closing between today and the end of the year will add to this visibility figure. Sopheon’s total revenues for 2007 were £6.3 million.
A full definition of how visibility is calculated was provided in our announcement on 25 June.
We expect both revenue and EBITDA for the first half of the year to show good growth compared to 2007 and will provide details in our interim financial report, scheduled for release on 28 August 2008.
Groeten, Sander